https://www.taxtmi.com/caselaws?id=404470 The court upheld the trial court's judgment of acquittal, confirming that the accused was not guilty of the offence under Section 138 of the N.I. Act. The complainant failed to prove the existence of a legally recoverable debt, and the accused successfully rebutted the presumption under Section 139 with credible evidence. The procedural error of not impleading the firm further weakened the complainant's case, leading to the dismissal of the appeal and confirmation of the trial court's order. en-us Mon, 21 Dec 2020 00:00:00 +0530 Wed, 24 Feb 2021 09:42:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404470 The court upheld the trial court's judgment of acquittal, confirming that the accused was not guilty of the offence under Section 138 of the N.I. Act. The complainant failed to prove the existence of a legally recoverable debt, and the accused successfully rebutted the presumption under Section 139 with credible evidence. The procedural error of not impleading the firm further weakened the complainant's case, leading to the dismissal of the appeal and confirmation of the trial court's order. Case-Laws Indian Laws Mon, 21 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404470